The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1887-05-20
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Novel Insurance .

When a man can beinsured against o
day of fisherman's luck the full scope
and possibility of the insurance bust
ness will have been reached. OF more
important calamities the insurance OF
to-day take pretty thorough cong;;i-
sance. The newest insurance of all Is
The most interesting, however. 1t ia
insurance against thieves. In Eng
land the plan dates back to 1912 and
is general and popular reliance.
The massing OF wealth and population
in that country forced an enterprise
in this case which even Yankee ingen-
uity had not thought OF, but has now
had to copy. The insurance
companies that do this business
are distinguished by the words
surety" or casualty" or fidelity
in their titles. There are three in
New York, dating back six or seven
years; there is one in San Francisco a
year or two old, and there is one in
Montreal that was founded thirteen
years ago. These institutions are
designed to protect employers from
theving employees, and to offer han
dy, business like, reliable and strict
substitute for the. bondsmen OF old,
who were often sentimental, tricky,
uncertain and difficult to obtain.
| The moment there is II shortage in
the accounts of bonded employee
the employer notifies the insurance
company and that company pays the
amount OF the loss. In all cases OF
dishonesty or doubt the first thing
the bonding company does is to pay
the claim OF the loser. Then it goes
| for the thief. In ninety-nine cases out
OF q hundred he has not run away.
| This is curious discovery in this new
| business. He has been extravagant
or pressed by some demand he could
not meet and he has drawn Sl0O OF
| $500 or ST ,0OOexpectingt put 1t back
before his accounts were examined
| The examination has come sooner
than he could prepare for it and he
is caught. In such cases the
says: "Pay that money back to
morrow morning and we will moi
prosecute" In that event, the mans
father or brother or nearest frienc
raises the money and the man seeks s
new place. But ocompromise isper
mitted in criminal cases, as, for in
stance, those in whichaccounts are al
| tered to conceal theft, or forgerie:
are perpetrated. Restitution is otter
offered In such cases but never accept
ed. The insurance company is steri
and heartless. The man must 90 tc
Jail. Ii he runs away the company
will hunt him down by al elaborate
system of it's own which includes ant
augments all the other systems.
This new fashioned, comprehensive
incorporated bondsman has beer
welcomed here and abroad both b,
employers and employees. 1t use,
to be disagreeable for u young MAJ
who was offered position OF trust tt
secure persons to go on his bond
His best friends fought shy OF him
told him their partnership contract
prevented their signing rhim or that
frankly, they could not afford to tax
the risk Or they went his CONNER
cial bail and charged him eNtortion
ately for doing so. Now he goes to
business Office, states his case and 10
what is a mere trilie gets bondsmal
satisfactory to any one. III he
tempted to steal he remembers tha
his bondsman is o soulless and ster
corporation that will show him n
mercy, and he desists. On the othe
hand the employer never used to fet
secure with the old-fashioned indivi6
ual bondsmen.